Palmer Square price target lowered to $12 from $13 at RBC Capital

RBC Capital analyst Kenneth Lee lowered the firm’s price target on Palmer Square (PSBD) to $12 from $13 and keeps a Sector Perform rating on the shares. The firm is adjusting its model on the stock after Q4 results, noting that liquid credit opportunities may be somewhat constrained near-term as credit spreads remain tight, the analyst tells investors in a research note.